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NFT Marketplace Magic Eden Halts Bitcoin BRC-20 Trade

Magic Eden, a community-centric NFT marketplace, recently decided to halt Bitcoin BRC-20 trading temporarily. This move comes in response to a significant drop in trading activity and aims to safeguard users’ interests. Importantly, while Bitcoin BRC-20 trading is on hold, other trading activities on the platform remain unaffected. Magic Eden made this decision to ensure user…

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China Daily Newspaper Considering Metaverse and NFT Marketplace

China Daily, a well-known newspaper linked to the Chinese Communist Party, is allocating 2.813 million Yuan (about $390,000) to develop its own metaverse and non-fungible tokens (NFT) platform.   The newspaper has issued a public tender, inviting bids from domestic and international blockchain companies to build this platform. The chosen contractor should be capable of…

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Solana Coin SOL

Solana’s Top NFT Marketplace Outperforms Entire Ethereum NFT Industry

Solana’s prominent NFT marketplace is causing a stir, with its daily trading volume nearly matching that of all Ethereum-based NFT platforms combined. This achievement highlights the impressive harmony between Solana’s user-friendly, cost-effective blockchain and the ever-popular world of NFTs. What makes this noteworthy? Well, Solana’s blockchain doesn’t just boast speed; it’s also exceptionally accessible. When…

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OpulenceX Unveils OPX NFT Marketplace: Changing Digital Ownership

We’re thrilled to announce the launch of the OPX NFT marketplace, a significant step in changing digital ownership and boosting creativity. This platform, built on the XRP Ledger network, aims to empower artists and creators globally using blockchain technology and non-fungible tokens (NFTs). The OPX NFT marketplace stands out by utilizing the XRP Ledger’s speed,…

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SEC

SEC Targets NFTs in First Enforcement Move

The SEC is now paying attention to NFTs. They took their first action about it. Some of the people in charge had different thoughts about it. The U.S. Securities and Exchange Commission (SEC) has said that a company named Impact Theory in Los Angeles broke the rules by selling non-fungible tokens (NFTs) without asking permission….

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OpenSea

Mark Cuban and Yuga Labs Lead Backlash Against OpenSea’s NFT Royalty Change

Investor Mark Cuban, involved with OpenSea, expressed dissatisfaction with their decision. Creators are considering leaving and imposing restrictions due to this move. Mark Cuban and the creator of Bored Ape Yacht Club, Yuga Labs, were among the important people who spoke out against NFT trading platform OpenSea on Friday. This was in response to OpenSea’s…

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